It's last
trading day for the week. STI has been trading in a sideway for past 4 days, it
hit 3190 resistance and was selling-off last week, formed a bearish weekly
candlestick but has no follow through this week--it did not drop further down,
which i see some "light" for bulls in short term. Immediate support
is 3120, resistance at 3167-3190. The mid- term trend remain bearish, my long
position would be only for short term swing trading unless STI can CLOSE above
3190.
Stocks to focus today:
Halcyon
Cordlife
Del Monte
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